Friday, October 11, 2013

THE DEBT CEILING “CRISIS”: “HE WANTED TAN SHOES AND PINK SHOELACES, A POLKA DOT VEST AND MAN, OH MAN!”

10/11/13

As do most people who are interested in the markets, I keep the television in my office tuned to CNBC, with the volume mooted, throughout the trading day.    As you might guess, today’s CNBC broadcast day has featured frequent break-ins to show us pictures of limos and limo-like SUVs (Modern day pols can’t be seen in good old Cadillacs or a Lincolns; no sir.  So they deck out GMC Yukons or Ford Expeditions just like limos, at probably a far higher cost, to avoid the appearance of spending lavishly on themselves.  These are people of the people, don’t you know?) pulling into or out of the White House.  These photos are accompanied by breathless headlines, or spoken accounts, of various self-important personages making progress, or not making progress, on the debt limit/government shutdown negotiations.

It finally hit me after about the third of these pointless reports…these patheticos in Washington have to be basking, rejoicing, reveling in this attention, achieving near orgasmic ecstasy from the notion that the world and the world’s markets are focused on them, and nearly only them, today.

It wouldn’t be too much of a leap to think that these pediculous popinjays and poltroons are prolonging this parlous prestidigitation simply to prolong their moment in the sun of unceasing attention.   These ultimate narcissists are doing what narcissists do best…primp and preen for the attention of everyone around them.


These purportedly pervicacious politicasters don’t even care if the populace’s well warranted contempt for them grows with each passing moment that this “crisis” (See today’s other post, THE DEBT CEILING “CRISIS” AND THE CREDIT CARD ANALOGY.) continues; everyone is looking at them!   Everyone notices them!   Someone is actually paying attention to them!   And isn’t that the whole reason for their miserable existences?

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